What will be thomass minimum payment at the end of the month

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Problem

Thomas has a new credit card with an APR of 22.99% and a credit limit of $1100. The minimum monthly payment is 3% of the new balance. Get the instant assignment help. If Thomas purchases $700 in camping supplies at the beginning of the month, what will be Thomas's minimum payment at the end of the month?

Reference no: EM133910849

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